Life Insurance – Lets Talk Facts

Some facts about Life Insurance in America today

As we all know, there are two things that are guaranteed in life. Taxes and Death. Now some people say they don’t pay any tax and whilst they may not pay any direct taxes due to some accounts tax dodge, there is always indirect taxes… Sadly there is no way around death. Here we are going to discuss some facts about life insurance.

4 out of 10 people do now own any life coverage at all. Thats right, on average 43 people out of 100 have no life protection whats so ever.

Of these people who have life cover, 1/3 only have protection through their group work scheme. So of the 43 people, 14 only have life insurance due to work. What happens when they leave their job? or lose the job? Well the life insurance projection goes as well.

The number one reason people mention when questioned about life insurance is the cost. They think it is too expensive. Well, check this out and see how much it would actually cost to take out life cover. You may be surprised.

The vast majority of life insurance active in America today is for the over 45’s. This means the majority of young families are likely to have no life insurance at all. These people represent the most vulnerable and at risk people, who need the protection just as much, if not more than the over 45 age group.

When asked, only 3 in 10 Americans believe they have enough life coverage. That means for the remainder, who have protection, they have insufficient life coverage.

Life insurance should not be considered as a luxury or an expensive cost. It is available very inexpensively and for those most at risk (young families, mortgage holders and those with large debts), it provides a financial blanket for their loved ones. Check out the cost today and surprise yourself at how affordable term life insurance is.